International Graphite Funding Deal with Comet Resources a Win-Win, Report Says

International Graphite’s (ASX:IG6) $1.5-million funding deal with major shareholder Comet Resources (ASX:CRL) resulted in a surge in IG6’s shares on March 13. The loan agreement was undertaken to address market speculation on the security of Comet’s shares in IG6, according to a news report from The West Australian.

“Management says the strategic funding transaction will prevent the potential sell down of any of the 40 million International Graphite shares owned by Comet – which delisted from the ASX in January – when they are released from escrow next month,” the report said.

The funding deal included giving International Graphite a majority seat on the Comet board, as IG6 management has called the deal a win-win for shareholders.

Read the full article here.

Click here to connect with International Graphite (ASX:IG6) for an Investor Presentation.

graphite stocks asx:ig6 asx stocks graphite exploration graphite investing graphite mining

IG6:AU

Iyan Deposit Delivers Further Significant Graphite Intercepts from Surface in the Final Release of Assays

Final Assay Batch Again Reinforces Bulk Blending Strategy, Resource Growth and Imminent JORC

Blencowe Resources Plc (LSE: BRES) is pleased to report the final set of assay results completed from the 87 shallow holes drilled at the Iyan deposit, part of the Company's Orom-Cross Graphite Project in Uganda. These results represent the third batch from the Stage 7 drilling programme, with... Keep Reading...

International Graphite Funding Deal with Comet Resources a Win-Win, Report Says

International Graphite Investor Kit

GET YOUR FREE INVESTOR KIT